As part of our series of whitepapers on the changes in international accounting standards, this second issue based on revenue recognition deals with the impact of IFRS 15 on telecoms operators and service providers. It is clear that not only accounting practices and reporting will change but there are also implications for sales, marketing and technology. One of the most critical steps in responding to this change is for the top management to set-up a cross-company integration initiative.

The first issue of the whitepaper series (Lease Accounting) showed that the revision of the International Financial Reporting Standards (IFRS) within Lease Accounting has the potential to influence the approach telecoms companies take when carrying out their business.